The Atlantic Federal Credit Union · 1 day ago
Commercial Credit Analyst
Springfield,NJ,US
Full-time
Onsite
Mid LevelThe Atlantic Federal Credit Union is seeking a Commercial Credit Analyst to work closely with the Commercial Credit Manager in assessing the credit worthiness of customers and managing loan risks. This role involves preparing credit memorandums, reviewing loan documentation, performing credit analysis, and ensuring compliance with regulatory requirements.
BankingFinancial Services
Responsibilities
Prepare written credit memorandums to be provided to senior management and loan committee on all new loans, renewals, extensions, and modifications relative to financial strengths and weaknesses of borrowers, risk assessments, strength of guarantors, industry analysis and collateral and loan structures with opinions as to credit worthiness
Review documentation provided by the Commercial Lenders for accuracy and completion
Performing the credit analysis of new and existing loans to evaluating the credit worthiness of individuals and businesses and the short and loan term prospects of loan repayment and the overall credit risk of the loan
Works with Lenders to create loan approval packages, renewals, modifications, and extensions
Ordering appropriate reports, providing industry and other research information as necessary, etc
Manages Department workflows when the Commercial Credit Manager is not available
Make joint business calls with Commercial Lenders or Management when necessary
Completes additional Commercial Loan tasks, as necessary
Must maintain a thorough knowledge of the Credit Union’s lending programs, policies, and procedures
Must maintain strict adherence to regulatory requirements, ensure conformity with all federal and state compliance policies
Qualification
Required
Bachelor degree in Accounting, Finance, or related field of study
Specialized bank lending education/training
Full understanding of regulatory laws, rules, interpretations, and guidance
Excellent presentation skills (written & verbal)
Ability to interpret policies and procedures, analyze complex problems and adopt an effective course of action
Benefits
Medical / dental / prescription coverage
401(k) plan (with up to 6% match)
Generous paid time off
Discounts on our products and services
Paid time off for volunteering
Educational and developmental opportunities
Access to our formal Tuition Assistance Program
Company
The Atlantic Federal Credit Union
The Atlantic Federal Credit Union was founded in 1935 by a group of AT&T Western Electric employees in Kearny, N.J.
Founded in 1935
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Anthony Mero
Chief Executive Officer
Jason R.
Chief Operating Officer
Recent News
2023-06-29
GlobalFinTechSeries
2022-10-06
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